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Kenyan businessman David Langat has started paying long-overdue debts to Tanzanian tea farmers, seven years after buying three major firms. His move signals a fresh start for the struggling industry.
Kenyan entrepreneur Chris Mwirigi’s Betika has renewed its $1.8 million deal with AFC Leopards, securing one of Kenyan football’s biggest sponsorships.
Tanzanian fintech NALA, led by Benjamin Fernandes, has entered Kenya with $40 million Series A backing, eyeing the $4.9 billion remittance market.
CIC Group reports mixed H1 2025 results as profits fall below $5 million, with strong gains from investments and microinsurance growth.
The financing will help QCIL strengthen supply chains and widen the reach of its medicines.
NICO Holdings, led by Vizenge Kumwenda, declared a $3.6 million interim dividend as profit forecasts for H1 2025 more than double.
Meta teamed up with Safaricom to invest $23 million in an undersea cable linking Kenya to Oman, aiming to cut costs and boost internet access in East Africa.
NCBA, backed by Kenya’s richest families, posts $85.8 million H1 profit, driven by rising interest income despite lower deposits and total assets.
Kenya's biggest publicly traded insurer is seeking acquisitions in Congo markets with low insurance penetration to boost growth and diversify revenue streams.
Mo Dewji Foundation, led by Tanzanian billionaire Mohammed Dewji, and the Kym Rapier Foundation fund free cataract surgeries and eye camps across Tanzania.
By extending his reach into e-commerce, he is positioning Axian to play a central role in shaping the next phase of Africa’s digital retail industry.
Hitesh Anadkat becomes Malawi’s second billionaire as his FMB Capital stake surpasses $1 billion.
WPP Scangroup, founded by Bharat Thakrar, is cutting jobs after posting a half-year loss amid weak demand and cash strain.
Family Bank targets $48 million private placement to fund regional expansion and strengthen capital after strong H1 profits.
Miko Rwayitare built Africa’s first mobile network, sold it for $200M, owned Hotel Rwanda and a Cape wine estate. His legacy endures.
Ugandan tycoon Patrick Bitature faces $10 million legal setback from South Africa’s Vantage Mezzanine Fund II Partnership.